Birmingham Boosted By Foreign Investment

Newly promoted Birmingham City is the latest FA Premier League team to attract
foreign investment after Hong Kong entrepreneur Carson Yeung bought up a 29.9%
shareholding in the club.

Birmingham directors David and Ralph Gold as well as David Sullivan have each
agreed to sell 14.81% of the club’s shares to Yeung. Additionally Karen Brady
has agreed to part with a 0.23% stake, with fellow director Roger Bannister
completing the agreement, by offering to sell 0.05%.

The arrangement makes Yeung the largest individual shareholder in the club,
although it does not give him the controlling vote at this point.

In the new arrangement the stakes of the Gold brothers and Sullivan fall to
23.22% each. Brady’s revised holding will be 0.54% and Bannister will retain
0.11%.

The Eastern billionaire, who made an unsuccessful bid to take over Reading
earlier this year, has had his representatives visit St Andrews to inspect the
club’s finances with regards to potentially upping his stake in the future.